RenewSys India Private Limited has inked a memorandum of understanding (MoU) with the Telangana government to establish several photovoltaic (PV) module and PV cell manufacturing facilities within the state.
The agreement entails a phased investment totaling approximately Rs 60 billion. As per the MoU, RenewSys will be setting up solar PV modules, solar PV cells manufacturing units and aluminum plant between 2023-24 and 2027-28.